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Microcap & Penny Stocks : Change Just $300 into much MUCH MORE!!! -- Ignore unavailable to you. Want to Upgrade?

To: John Schmitt who wrote (25)	2/25/1998 9:09:00 PM
From: Daniel Miller	Read Replies (1) \| Respond to of 174

Can you explain how the limit buying and selling works a little bit more? I have never done it and I am planning on doing it tomorrow. Today I skipped to get a good buy on NETZ and look how it helped, believe me my parents wont be too upset if I make alot.

To: John Schmitt who wrote (25)	2/25/1998 9:19:00 PM
From: Daniel Miller	Respond to of 174

These are just some answers to some questions frequently asked to me. << <<1. do you intend to be a "trader" or "investor"? Can I be both? Can you please explain the diffrence? I think I want to be a trader. A trader is someone who holds onto the stock short term right? Sorry I dont know the diffrence. <<<< 2. what is your "time horizon" (i.e. when do you expect to need to use the money you are planning to buy stocks with)? Well the money Im making now is going to be for future use in the market. I have no particular need to purchase anything now. These $300 is all experimental so it gets me more comfortable with the market. If I am able to put my other $1,000 in then it will be starting to save up for college. My brother is going to college next year and my parents aren't financially ready so they are investing in the market. 3. what is your "risk tolerance"? are you looking for excitement (works both ways) or safety? Well same as before. Whether I get to put another thousand in or not. If its only $300 im willing to go for the risk, but if its with my thousand it will need to be a safe investment. 4. how much time do you have to follow your investments? (how many hours per week are you prepared to devote to keeping up with companies you are interested in?) I have been keeping track of stocks for quite awhile. I have around 2-5 hours per night of internet access. With during that time I make webpages and follow stocks. 5. have you ruled out a mutual fund instead of wanting to pick your own stocks, and if so, what is your reason? I ruled out Mutual funds because with $300 the earning will be very little I think. I will probably put my other $3,000 into mutual funds because my Dad thinks that they are pretty secure to invest all my money in them. 6. will you have additional $ coming along to buy stocks with besides what you currently have in cd's? I make $50 a week on a good week(From webpage making). Sometimes more and sometimes less. I will probably put $35 of it into stocks but I am not going to send it to ETRADE until it all accumulates up to a few hundred. 7. what annual growth rate (vs the 6%/year on your cd's) do you want to achieve, on average, over time? Well using stocks I plan to make hopefully %200/yr. I know this might sound like alot but not the way im looking at it. Because if I buy a penny stock that is very low and I get 1,000 shares and it goes up .04 I still make some money. Then I sell and invest in another stock that is low. Wait till that goes up .04, then sell that. I wont make alot off of these because I will also have top cover $40 commision(buying/selling) But I will make around $10-$20. After a few times of doing that I will make around $100. This letting me buy more shares, and making more money off every trade. Around $15-$25 and I will move up slowly. 8. which industries or companies are you most interested in? least interested? I started off following medical companies, such as QGLY, and PLC. Then I moved to technology and Telecommunication. Those are my two favorite kinds. The kinds I dislike the most I think are mining. I watched a stock in that go up alot, but I didn't understand much of what it was talking about. Thank you alot. I started a subject: $5 and under. Called make just $300 into much more! check it out, and thanks.